https://www.taxtmi.com/caselaws?id=760104 The appellate tribunal allowed the appeal of the assessee, a share and stock broking company, directing the deletion of the disallowance of Rs. 112,984 under Section 143(1)(a)(iv) and Section 37(1) of the Income Tax Act. The tribunal concluded that the penalties paid to stock exchanges were compensatory, not penalties for offenses, and thus not disallowable. en-us Thu, 10 Oct 2024 00:00:00 +0530 Wed, 16 Oct 2024 08:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760104 The appellate tribunal allowed the appeal of the assessee, a share and stock broking company, directing the deletion of the disallowance of Rs. 112,984 under Section 143(1)(a)(iv) and Section 37(1) of the Income Tax Act. The tribunal concluded that the penalties paid to stock exchanges were compensatory, not penalties for offenses, and thus not disallowable. Case-Laws Income Tax Thu, 10 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760104